The rates are as follows:

1. £270 plus VAT plus disbursements per transaction for a freehold property up to £300,000 in value.

2. £320 plus VAT plus disbursements per transaction for a leasehold property up to £300,000 in value (recognising the extra work required in leasehold matters).

3. A rate of 1% of the property price plus VAT and disbursements for properties over £300,000.

Property law in Scotland and in Northern Ireland is different and, involving unregistered land, requires extra work. In those jurisdictions our charging rates, which are again competitive, have been value related for some time but have also been unchanged for many years. We propose that they should become:

Property valued up to £100k - £400.00 plus VAT and outlay
Property valued between £100k and £200k - £500.00 plus VAT and outlay
£200k and £300k - £600.00 plus VAT and outlay
£300k and £400k - £700.00 plus VAT and outlay
£400k and £500k - £800.00 plus VAT and outlay
Property valued over £500k - £900.00 plus VAT and outlay

Members wishing to use this service can access it by telephoning the Legal Helpline on 0800 587 7516.